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Finance
Top stories
Rising telecom taxes across Africa are increasing costs, reducing financial inclusion, and creating uncertainty for investors.
In a move to enhance financial stability, Nigeria’s central bank orders bank directors with bad loans to step down immediately.
South Africa’s unemployment rate, one of the highest globally, falls for the second consecutive quarter as finance jobs increases.
Businesses seeking loans have been faced with high interest rates, which has influenced their decision on whether or not to take loans.
New inflation math gives Nigeria a sharp drop, but reality bites. Authorities say the rebasing was long overdue, yet businesses and consumers are still reeling from soaring costs.
As Nigeria’s central bank confirms the date for its first MPC meeting of 2025, questions remain over whether it will have access to the latest inflation data.
Kano, Nigeria targets ₦100 billion revenue in 2025 with stricter tax compliance and digital reforms, but businesses remain cautious.
Days after Fitch Ratings withdraws from assessing one of Nigeria’s biggest conglomerates, the country’s president endorses the newly launched Africa-led Credit Rating Agency.
Malawi’s worsening food crisis drove its annual inflation rate to 28.5% in January, according to the latest data from the National Statistical Office.
Oando’s debt-to-equity swap raises tax implications, investor considerations, and potential shifts in Nigeria’s corporate financing.
The Nigerian federal high court has affirmed FCCPC’s authority over competition regulation across all sectors, including telecoms and financial services.
Any increase in the USSD charge fee for bank customers must be approved by both the CBN and the NCC.
Oversubscription reveals a high level of investors’ confidence in the bonds and a positive liquidity outlook of investors in Kenya’s market.
The CBN assured Keystone bank’s customers and other stakeholders of the stability of the bank’s operations and the safety of their funds in light of the bank’s new ownership arrangement.
In halting mineral exports, Malawi seeks to forge a new economic identity amidst growing trade challenges
Building on efforts to strengthen forex reserves, Nigeria’s central bank has urged telcos to reduce their dollar dependency.
Nigeria’s central bank says it will sanction any bank that restricts customers from withdrawing up to the ₦20,000 ATM limit.
Nigeria’s has passed a $36.5 billion budget for the 2025 fiscal year, significantly surpassing the President’s proposed spending.
Despite a steady rise in inflationary pressures since September 2024, Rwanda’s central bank has held its key lending rate at 6.5% for the second time in a row.
Lagos, Rivers, and Oyo States led Nigeria’s VAT contributions in 2024, driving economic growth through strategic investments, infrastructure, and business-friendly policies. Their approaches offer valuable lessons for other states aiming to boost revenue and attract investments.
